Market Overview:

The Building Insulation Market size is estimated to reach $31.6 billion by 2030, growing at a CAGR of 5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Building Insulation Market – By Insulation Material (Wool Insulation, Rock Wool, Glass Wool, Slag Wool, Plastic Foams, Extruded Polystyrene Foam (XPS), Polyurethane Foam (PUR/PIR), Expanded Polystyrene Foam (EPS), Others, Perlite, Wood Fiber), By Application (Roof Insulation, Flat Roof, Pitch Roof, Wall Insulation, External Walls, Internal Walls, Cavity Walls), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Growing demand for energy-efficient buildings, advancements in insulation materials, and increasing regulations supporting sustainable construction practices are the key drivers of market expansion for the Building Insulation industry during the forecast period.

Asia Pacific Dominated the Market in 2023

Asia-Pacific accounted for the largest share of the Building Insulation Market in 2023, followed by North America and Europe. The region's dominance is attributed to rapid urbanization, significant infrastructure development, and increasing investments in sustainable construction practices. Rising demand for energy-efficient buildings and advancements in insulation technologies have further boosted market growth. As the region continues to experience industrial expansion and economic growth, the demand for building insulation solutions to support new and existing structures is expected to remain strong.

Building Insulation Market: Key Takeaways

Advancements in Insulation Materials and Technologies

The Building Insulation market is experiencing significant advancements in insulation materials and production technologies. Innovations such as improved thermal performance materials, eco-friendly and sustainable options, and advanced manufacturing techniques are driving efficiency and reducing costs. These advancements enable manufacturers to meet the increasing demand for high-performance insulation solutions in residential, commercial, and industrial buildings. Companies adopting these cutting-edge technologies are well-positioned to enhance their market competitiveness and address the evolving needs of the construction industry.

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Growing Demand for Sustainable and Eco-Friendly Insulation Solutions

There is a rising demand for sustainable and eco-friendly building insulation materials driven by increasing environmental awareness and stringent regulatory standards. Insulation materials that offer better energy efficiency and lower environmental impact are becoming more popular in construction projects. The emphasis on reducing carbon footprints and improving building energy performance is propelling the growth of green insulation solutions. Companies specializing in developing and providing sustainable insulation products are likely to capture significant opportunities in this evolving market.

Scope of the Report: 

    Report Metric

                               Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5%

Market Size in 2030

$31.6 billion

Segments Covered

By Insulation Material, By Application, and By Region


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).



Key Market Players

  1. Rockwool International A/S

  2. Owens Corning Corporation

  3. Saint-Gobain S.A.

  4. Beijing New Building Material (Group) Co., Ltd.

  5. ohns Manville Inc.

  6. BASF SE

  7. Atlas Roofing Corporation

  8. DuPont

  9. GAF

  10. Synthos

Recent Developments:

  • In Dec 2022, ACC Ltd launches climate control concrete insulation system in India. ACC Airium, is a unique concrete system which becomes a long-lasting roofing solution that insulates the surface at the time of construction itself. ACC Airium is available in low densities starting from 300 kg/m3 and above.
  • In Oct 2023, Freudenberg Performance Materials Apparel launched two advanced thermal insulation products made from low-level Bisphenol A (BPA) recycled PET fibers (rPET) into the global range of comfortemp®, Freudenberg’s thermal insulation brand.
Building Insulation Market: Competitive Landscape

Key companies profiled in the Building Insulation Market are Rockwool International A/S, Owens Corning Corporation, Saint-Gobain S.A., Beijing New Building Material (Group) Co., Ltd., Johns Manville Inc. and others.

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IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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Mr. Venkat Reddy
IndustryARC
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